How To Open an eToro Demo Account

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How To Open an eToro Demo Account



eToro is probably the most famous broker and one of the most used copy-social trading platforms out there.To get more news about eToro Demo Account, you can visit wikifx.com official website.

Anyway, the following article is going to show you a step-by-step guide on how to open an eToro demo account and a detailed list of all the features and perks.
Step 1: Visit the eToro’s website
First, head to the eToro webpage. You will be redirected directly to the registration form.
Note that there may be scams that copy the broker’s site. Follow the link to get the correct one.
Step 2: Fill the registration form
You can see the registration form in the image below. Here you should insert your username, email and choose a password. Then click ‘Create Account’.
Step 3: Verify your profile
eToro will send you a confirmation email to the address you’ve provided during step two of the registration process with a link to click to confirm your account.

The click will both verify your identity and redirect you to the eToro webtrader platform.

eToro will send this email instantly, so if you do not receive it, you may want to check your spam or junk mail folders, since your provider may mistake it for an unwanted communication.

Step 4: Login into the demo account
Once you have logged in for the first time, you will finally be taken to your new eToro profile.

At this point, eToro will notify you are about to switch to the virtual portfolio via the pop-up message below. Confirm this by clicking the blue ‘Go to Virtual Portfolio’ button.

eToro’s demo account features
Here we take a closer look at some of the key eToro demo account features to provide the most detailed insight possible.

The eToro demo account is very simple to open with just a valid email address needed. The account itself is unlimited and different accounts can be opened but with a different name and email. There are more than 3,000 tradable markets and $100,000 in virtual funds is provided to trade with. The eToro proprietary platform can be used.

Copy trading and social trading can be done through eToro, which is the biggest copy and social trading platform and can help you learn more about trading. Access is provided to the eToro community and you can discover all the best eToro traders you can copy, manually or automatically. It is also possible to diversify quickly and easily by investing in eToro CopyPortfolios.
Differences between live and demo eToro’s accounts
The eToro standard account is available as a demo account. The main difference between demo and live trading is slippage. Slippage is the difference between your initial requested order price and the actual order’s execution price. This happens due to the fast-changing nature of prices. Slippage may occur in live trading but does not occur on a demo account as all funds used are virtual.

The eToro demo account is unlimited. For Live accounts, there is a $10 fee if you’re inactive for 12 months.

How to switch to a live account
It is possible to switch to a live account without losing your demo account. This will remain active. To open a live account you will need to show proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility, or bank statement) to become verified by the broker. Depending on your country, the broker may also ask you to fill out a questionnaire about your trading knowledge.